Hard Money vs. Hard Money

Good Money Monday BP

     I recently borrowed $30k from a private lender and I thought it would be a good idea to show you how easy it is to put money together to buy houses. There's a philosophy that I live by when it comes to raising money for houses: People need to lend MORE than I need to borrow. You see, after a person has saved up a substantial amount in their savings account, they then look for ways to get a high return on that money. It's no different in large investment firms like Fidelity or Mass Mutual-EVERYBODY'S LOOKING FOR A RETURN!!! The good thing about real estate is you get to pick your asset and set your own return, WOW!.

     You can use hard money, which is great because it's not based on your ability to pay it back. But my favorite is Private money. Below I'll explain some of secrets to being an Effective Borrower when it comes to flipping houses. And always remember, there's more money in the market than there is houses! 

ps- If you need any assistance with negotiating deals or structuring, don't be scared to ask!

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Hasko